Sawgrass Asset Management LLC Grows Position in Invesco QQQ (NASDAQ:QQQ)

Sawgrass Asset Management LLC boosted its position in Invesco QQQ (NASDAQ:QQQ) by 13.3% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 8,676 shares of the exchange traded fund’s stock after acquiring an additional 1,018 shares during the quarter. Sawgrass Asset Management LLC’s holdings in Invesco QQQ were worth $3,553,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Red Tortoise LLC boosted its holdings in Invesco QQQ by 370.0% in the fourth quarter. Red Tortoise LLC now owns 94 shares of the exchange traded fund’s stock valued at $39,000 after purchasing an additional 74 shares during the last quarter. Friedenthal Financial purchased a new position in Invesco QQQ in the fourth quarter valued at about $41,000. Bear Mountain Capital Inc. purchased a new position in Invesco QQQ in the fourth quarter valued at about $42,000. Core Wealth Advisors Inc. boosted its holdings in Invesco QQQ by 33.3% in the third quarter. Core Wealth Advisors Inc. now owns 120 shares of the exchange traded fund’s stock valued at $43,000 after purchasing an additional 30 shares during the last quarter. Finally, Hexagon Capital Partners LLC purchased a new position in Invesco QQQ in the fourth quarter valued at about $53,000. 44.58% of the stock is owned by institutional investors and hedge funds.

Invesco QQQ Trading Down 0.1 %

NASDAQ:QQQ traded down $0.26 during trading hours on Wednesday, reaching $440.06. 24,685,057 shares of the stock were exchanged, compared to its average volume of 45,329,430. The firm has a 50 day simple moving average of $436.66 and a 200-day simple moving average of $414.00. Invesco QQQ has a 52 week low of $321.32 and a 52 week high of $449.34.

Invesco QQQ Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, April 30th. Shareholders of record on Tuesday, March 19th were issued a dividend of $0.5735 per share. This represents a $2.29 dividend on an annualized basis and a yield of 0.52%. The ex-dividend date of this dividend was Monday, March 18th.

Invesco QQQ Company Profile

PowerShares QQQ Trust, Series 1 is a unit investment trust that issues securities called Nasdaq-100 Index Tracking Stock. The Trust’s investment objective is to provide investment results that generally correspond to the price and yield performance of the Nasdaq-100 Index. The Trust provides investors with the opportunity to purchase units of beneficial interest in the Trust representing proportionate undivided interests in the portfolio of securities held by the Trust, which consists of substantially all of the securities, in substantially the same weighting, as the component securities of the Nasdaq-100 Index.